Is 63128, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63128 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63128 has remained a Seller's Market.

Key Takeaway

63128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63128, MO

How much do homes in 63128, MO cost?

Median Sold Price

$345,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,000(+7.5%)

Key Takeaway

Homes in 63128 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 63128 was $345,000 in October 2024, up 7.5% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$108K
-1.8%
2 $195K$196K
0.5%
3 $310.4K$322.5K
+3.9%
4 $397.5K$415K
+4.4%
5+ $478.7K$595K
+24.3%

Summary: 63128 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 24.3%.

Median Sold Price Compared To Nearby Zip Codes

63127
+8.9%
63128
+7.5%
63129
+5.1%
63126
+5.0%
63026
+3.6%

Housing Supply in 63128, MO

How many homes are available in 63128, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112119+6.3%

Summary: The 63128 real estate market had 119 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2223
+4.5%
3 5557
+3.6%
4 2726
-3.7%
5+ 610
+66.7%

Summary: The 63128 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3542+20.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63128, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in 63128 in October 2024, up by 20.0% month-over-month. Of the 42 sold homes, 43% were sold under asking, 10% were sold at asking, and 48% were sold over asking.

Days on Market for 63128, MO

How long does it take to sell a home in 63128, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days14 Days-2.3%

Summary: Homes in 63128 had an average of 14 days on market in Oct 2024, down by 2.3% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63128 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in 63128; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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